“Trust but verify” is a phrase that was introduced into US politics by then-president Ronald Reagan…
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When Can an Individually Designed 401(k) Plan Be Submitted for a Determination Letter?
QUESTION: I have been asked to make sure that our 401(k) plan is ready for a possible…
Appeals Court Rejects Argument That Embedded Cost-Sharing Regulation Applies Retroactively
In a dispute over an insurer’s interpretation of a health plan provision incentivizing use of generic…
HHS 2023 Payment Parameters Do Not Finalize Proposed Nondiscrimination Rule
PPACA; HHS Notice of Benefit and Payment Parameters for 2023; Final Rule, 45 CFR Parts 144,…
IRS Announces 2023 HSA and EBHRA Contribution Limits, HDHP Minimum Deductibles, HDHP Out-of-Pocket Maximums
Rev. Proc. 2022-24 (Apr. 29, 2022) The IRS has released the 2023 cost-of-living adjusted limits for health…
How did your firm score this tax season?
Each year, tax time is an opportunity to expand your accounting firm’s client base. How did…
The Certified Payroll Professional Corner: Statutory Employees
This weekly blog series is on the Certified Payroll Professional exam. For week-one, the focus is…
Are Employer-Paid Retirement Planning Services Taxable?
QUESTION: Our company has always shied away from providing advice to participants regarding their personal retirement planning.…
Airline Tickets for Retired Pilot’s Adult Relatives Were Not an Excludable Fringe Benefit
Mihalik v. Comm’r, T.C. Memo. 2022-36 (2022) The U.S. Tax Court has upheld an IRS determination…
IRS Information Letter Explains Requirements for Expenses to Qualify as Medical Care
The IRS has released an information letter regarding the requirements for expenses to qualify as medical…